Republic Airways Holdings Inc

2Q15 institutional investor filings show the vast majorty of asset managers weren’t bearish on airlines such as Southwest Airlines (LUV). Publicly traded US airline stocks have collectively lost 7.43% to date.

According to ACI, benefits from synergy to the extent of $1 billion to $2 billion were expected, out of which $800 million to $900 million was to come from additional passengers gained from the merger.